no announcement yet?, page-2

Certainly would be butch ! Here's a couple of January Government articles for those interested. Apologies for the poor translation as usual.

"On this quantity, 35% will be sold with the profit of the Treasury, and the product of the sale of the remainder will be used to cover the loads of exploration, of the appreciation and of the development of the exploitation, explained the minister, Mohamed Aly Ould Sidi Mohamed"

Cheers,
xmagx

Oil:

18,4 million barrels in 2006 Mauritania will export 18,4 million barrels of its oil produced in offshore oil rig and whose introduction is envisaged in February-March, announced to Monday the minister Mauritanian of Oil, On this quantity, 35% (that is to say 7,36 million barrels) will be sold with the profit of the Treasury, and the product of the sale of the remainder will be used to cover the loads of exploration, of the appreciation and of the development of the exploitation, explained the minister, Mohamed Aly Ould Sidi Mohamed.Il added that the government Mauritanian still sought a partner for the transport and the marketing of its oil quota (35% of country will however continue to buy hydrocarbons on the international market for its requirements in 2006 and 2007 thanks to an agreement which it has just signed with the Swiss company Vittol for two years as from next 15 January, also indicated the ministre.La annual oil bill of Mauritania rises to 160 million dollars for 500.000 tons of hydrocarbons approximately, specified with the AFP the services of the ministry for Pétrole.Le minister in addition explained why the new rise in the prices of the fuels, applied for Friday, had been due to the "fluctuations in price of oil on the market international".Cette measurement relates to in particular the gas oil, from now on sold with 209,3 ouguiyas it that is to say a rise of 10,9%. It also relates to the gasoline, of which the liter costs now 240,3 ouguiyas (0,75 dollars), that is to say an increase of 7,5%.

Provisioning of the country of hydrocarbons:

Return to the box departure?Le gone allotted to Vitol SA to ensure the provisioning of our country of products oil liquidate (gasoline, gas oil, kerosene and fuel) currently assured, and until the 15 of the month running by the Tratigura company, was cancelled following the meeting, January 3, 2006, of the Commission of supervision of the process of selection of a supplier who will supply the liquid hydrocarbon country lasting one two years period beyond current 16 January. Vitol S.A.n' did not set up the strategic stock before January 2, 2006 at midnight as required by the specifications of the Tender documents. This failure constitutes "a reason sufficient for the cancellation of the attribution of the market",, according to a press release of the president of the commission charged with this file. To date (note, Thursday January 5, 2006), one is in front of two assumptions: that is to say to award the contract to the tenderer whose offer is from now on with the lowest offer, in this case Addax & Oryx Group Ltd, or throw a new Invitation to tender. The provisioning of the country, ensure the persons in charge for the file, is not threatened insofar as one can to buy stock of old operator Trafigura, which meets the needs for the country two months supplémentaires.La commission of supervision in charge of the process of selection of a supplier who will supply the liquid hydrocarbon country, which is invested of all the capacities enabling him to guarantee a transparent control of the process of launching of the Invitation to tender, of evaluation of the tenders and the provisional one, approved the decision of the Minister for Energy and of bearing Oil cancellation of the attribution of the market with Vitol S.A.Une correspondence, in this direction, has (Vitol).La Commission also examined and approved, unanimously of its members present, the decision to address a letter to Addax & Oryx Group Ltd, second less saying after Vitol S.A, meaning to him to align its financial conditions on those contained in the offer with the lowest offer, as declared at the time of the opening of the financial offers on December 8, 2005, in the presence of the tenderers. It was also requested from this supplier to sign the specifications, contracts with the importers, convention with the trust company of the deposits of storage and to constitute the strategic stock at the latest the 15 janv.-06. In the event of general acceptance of these conditions, the official statement of the present of the commission notes, Addax & Oryx Group Ltd must "produce a banking guarantee of a million US dollars or adapt the guarantee of current tender within 48 hour to cover the good execution of above mentioned engagements and which must remain valid until the installation of the guarantee of good execution envisaged with the Tender documents (this guarantee can be sent by Swift confirmed by a local bank while waiting for the reception of the original).Au case where Addax & Oryx Group would not agree to revise are offer with the fall, won't our stocks severely be reached? In other words, is a rupture of stocks possible? It seems that there are not, for the moment, fear because the former supplier (Trafigura) has an important stock whose State could negotiate the purchase to ensure the provisioning of the national market for both to three months with venir.Au case where this new supplier, Addax, would not accept these conditions, it will be carried out "the preparation of a new Invitation to tender and this by proposing the adequate provisions to ensure under the best conditions the provisioning of the country of petroleum products liquidate during the period of the process of launching of the new possible invitation to tender". The limiting date granted to Addax & Oryx Group Ltd to answer the proposals which were made to him by the commission of supervision is on January 06 at 11 p.m. 59 mn, TU.Pour a final payment of problèmeVitol SA does not drop therefore the arms. In a letter January 05 addressed to the president of the Commission of supervision of the process of selection of the supplier in charge of the procurement of oil products with Mauritania, it declares "to us kids the terms of your letter heading notifying to us in a unilateral way cancellation of our contract signed on December 30, 2005". It explains why it began already the execution of the contract and "charged a first cargo of 30.000 tons metric of white products of a value of 15 million US dollars" and that it had the official agreement of the MEPP January 2 for the discharge of the product and that that covers the installation of the strategic stock. It adds, in addition, that "the contract signed on December 30, 2005 and thus into force" Cette business, which makes run much saliva and which already made run much ink, once again poses the problem of the final payment of the provisioning of note country of petroleum products and the credibility of the partners that one chose up to now and which took the practice not to worry too much about the respect of all the terms of the specifications of the invitations to tender. Indeed, Vitol is not with its first incident with our country. This same company was implied in the famous business of sale, in 2003, of the oil refinery of Nouadhibou which turned short and which cost the State more than 7 million US dollars in damages for Vitol.Dans this case falling due, the process of invitation to tender was started by launching of the invitation to tender on 1 last November in the local press and the platt' S oil grams in which are published quotations day labourers of the petroleum products and which is very consulted by the professionals of oil. The evaluation of the offers took place thirty seven days later, December 07, 2005, by the commission of supervision which had chosen Vitol as contractor provisoire.Vitol, with whom it decision of the commission of supervision was notified the same day, had signed the specifications on 18 December, provided the guarantee of good execution ten days later and initialed the contracts with the importers and the trust company of the deposits the 30 décembre.Mais it did not hold account of the installation of the strategic stocks before the date fixed at the 02 janv.-06. To thus fail in this condition, was sufficient for the commission of supervision to cancel, after the agreement of the Minister for Energy and Oil, the contract awarded to this société.Cette business of provisioning of the country in petroleum products finished not finishing. It already caused much noise often without reason and it will apparently continue to feed the rumours and the conversations of living rooms with Nouakchott. It is certainly the price to be paid for the provisioning of the appetites of operators broken with the operations of any kind.

http://www.beta.mr/editjanvier05.htm